PROPERTY INSURANCE

A significant part of our job is to ensure you have insurance protection that meets those requirements exactly. Its why Loveitts can recommend policies that are bespoke and according to your precise needs rather than relying on standard insure policy wordings.

Key features of the insurance policy cover include:

1“All Risks” cover which can include the same level of cover for vacant properties* within a portfolio.

WHAT SERVICES LOVEITTS OFFER

Preparing Assured Shorthold tenancy agreements for the agreed rental term

Collecting the first months rent and security deposit

Notifying utility companies and local authorities of changes in responsibility for charges

Dealing with matters relating to the tenants deposit

The preparation of an inventory/statement of condition and photographic records

Final inspection on tenants vacating property

Registration of The deposit with The Tenancy Deposit Scheme

Regular accounting service, as soon as it is practicable after rental due date

Detailed rental statements

Conducting regular property inspections - such inspections will be limited to matters specifically in relation to the management of the letting

Arranging routine repairs within authorised expenditure limits

Collection of rental payments with rental and Legal Protection Insurance

Serving legal notices as required

Fees

Fully Managed Service

Set Up fee (includes independent inventory)

60% of 1st months rent inc VAT

Fully Managed Fee

12% of agreed rental inc VAT

Administration of tax returns (TMA)

£120.00 inc VAT

Re-direction of mail overseas after 14 days

Cost of postage

Renewal Fees

£60.00 inc VAT

Let Only Plus Service

Letting Fee

72% of 1st months rent inc VAT

Dealing with TDS

18% of agreed monthly rent inc VAT

Issuing of a Section 21 Notice

£144.00 inc VAT

Renewal Fee

£120.00 inc VAT

Let Only Service

Letting Fees

72% of 1st months rent inc VAT

Rent Guarantee

All prospective adult tenants and if necessary guarantors are subject to checks which will include the confirmation of identity, address verification, proof of income, bank validation checks and checks on County Court Judgements, bankruptcies etc. These are conducted by Homelet, with whom we are Premier Agents.

Rent Recovery Plus (RRP) can be available for an additional fee to landlords who wish to protect their rental income during the entire tenancy term. More information is available on request but in essence this product covers the total monthly rental income, no matter how many tenants are on the tenancy agreement. 100% of the monthly rent is paid for a maximum of six months from the date of first arrears and RRP covers the whole property meaning the policy continues even when/if the tenants change.